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on Intellectual Property Rights |
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Issue of 2019‒05‒20
four papers chosen by Giovanni Ramello Università degli Studi del Piemonte Orientale “Amedeo Avogadro” |
| By: | Ndubuisi, Gideon (UNU-MERIT) |
| Abstract: | Recent studies on the export effects of domestic intellectual property rights protection focus on the innovation, border and technology transfer channels to underscore the pathways by which effective domestic IPRs protection influences own country's export. I extend this literature by arguing that another pathway domestic IPRs protection affects own country's export is via the credit channel i.e. firms access to external finance. Among many others, this occurs because effective domestic IPRs protection creates a scenario wherein exporters can use their intellectual properties in the same way they use tangible assets as collateral in order to overcome the huge variable and upfront fixed costs they face. To underscore this pathway, I evaluate the export effect of domestic IPRs protection within the comparative model framework and find empirical evidence for my hypothesis, with the results indicating that countries with more effective IPRs protection export more from sectors that depend more on external finance and that have more intangible assets. |
| Keywords: | Intellectual Property Rights, Exports, Access to Finance |
| JEL: | F10 F13 F14 F36 O33 O34 |
| Date: | 2019–05–06 |
| URL: | http://d.repec.org/n?u=RePEc:unm:unumer:2019017&r=all |
| By: | Chipten Valibhay (CGS i3 - Centre de Gestion Scientifique i3 - MINES ParisTech - École nationale supérieure des mines de Paris - PSL - PSL Research University - CNRS - Centre National de la Recherche Scientifique); Pascal Le Masson (CGS i3 - Centre de Gestion Scientifique i3 - MINES ParisTech - École nationale supérieure des mines de Paris - PSL - PSL Research University - CNRS - Centre National de la Recherche Scientifique); Benoit Weil (CGS i3 - Centre de Gestion Scientifique i3 - MINES ParisTech - École nationale supérieure des mines de Paris - PSL - PSL Research University - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | While patents are recognized as a key resource to sustain innovation activities, patenting activities are mainly conceptualized as protective means quite unrelated to innovation issues. By conducting an exploratory case study of French IP advisor, this paper identifies four unusual patent practices oriented towards a strategic management of the inventive capacity of a firm. These practices offer the opportunity to introduce a new capability of a firm, the 'distinctive capacity', which describes the ability of a firm to manage and organize the relationship between its inventions and the prior art articulated and structured based on strategical considerations (competitive environment, legal risks, technological choices). Building upon 'dynamic capabilities', we claim that the 'distinctive capacity' of a firm allows to better characterize the features of a specific knowledge management adapted to increasing a firm's inventive capacity. |
| Date: | 2019–06–10 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-02095821&r=all |
| By: | Ken Tabata (School of Economics, Kwansei Gakuin University) |
| Abstract: | This paper examines the balanced-growth maximizing public investment policy in a growth model where the engines of economic growth are private R&D and public capital accumulation. The government allocates tax revenue between new investment and maintenance expenditure for public capital. We consider how the balanced-growth maximizing public investment policy changes as patent protection becomes stronger, as seen in many countries. The results show that as patent protection becomes stronger, the income tax rate to finance public investment should be lower and the expenditure share of new investment should be higher. The balanced-growth maximizing policy leads to a smaller government, as patent protection becomes stronger. |
| Keywords: | Patent Protection, Public Capital, Economic Growth, Welfare |
| Date: | 2019–05 |
| URL: | http://d.repec.org/n?u=RePEc:kgu:wpaper:192&r=all |
| By: | Roberto Álvarez; Aldo González; Sebastian Fernández |
| Abstract: | This paper studies the effect of the entry of branded generic medications — representing 47 molecules — between January 2002 and July 2017 in the Chilean retail pharmaceutical market. Using a differences-in-differences approach, we measure the impact on prices and quantities on the market after the entry of branded generic pharmaceuticals, following the patent expiration of innovator drugs. The results show that in a period of 48 months from the first entry, the quantities sold in the retail market increased by 148.1%. This is explained by the lower prices of the branded generics, as the gross average price is 33% cheaper than the innovator alternatives. Finally, no statistically significant effect is observed on prices and quantities for innovators, suggesting that the segmented market theory might apply to the Chilean pharmaceutical market. |
| Date: | 2019–05 |
| URL: | http://d.repec.org/n?u=RePEc:udc:wpaper:wp485&r=all |